5% - 10% profit per day trading

btw on the way down the next strong support that will cause a bounce is at 52.66

 

i may actually try setting a buy order there (52.66), but will phone ETX and ask then if they can let me use a just 5ticks stoploss.

and just nab a quick 20ticks there as it bounces from there to 52.86

 

Another trade could be buy one lot in this area with a stop at around 52.80 I know it looks really risky here but it could fake out. Here we are at the lows though!

 

you got it going lower good thing I was on the sidelines

 

For the guy who just sent me the private message asking how i know such precise numbers that will be the S&R, instead of just using round numbers...,

ive put chart to show you why i saw .90 being the support level.


This is why i use line charts, as you can see very clearly and precisely what the key S&Rs are, and also what teh minor 1s will be.

 

what time do all you guys in usa wakeup and start trading?? :eek:

Your missing all the fun. hehe


ive decided that im gna delay withdrawing till the afternoon though, as on the daily chart its clear oil is gna pullback to atleast 51.86

If it doesnt it will be a new historical record for oil movement.

And so im gna try having a pop at teh inventory number if i get enough time for my fill when the numbers break and reaction hits the market.



Im very glad i cashed out where i did though instead of waiting for target,
as after th got out it would have been a 40minutes wait before i got a good better price again,
and 45mins till i got the target.

And my pyschological calmness is worth more than £1 per minute!

 

I just went short 1 QM @ 52.95

I am about to go to sleep but oil looks like its going to finally give us the much waited pullback and I don't want to miss the move down.

I got $1 stop/exit setup just in case.

 

Closing that here at 52.88 for 50 pips. Wanna concentrate on my other trading today.

 

nicely done mate..
Hope your S&P trading goes well today.

what was your stoploss on that trade though?


Im gan go get my haircut now, duno if i will trade the inventory number later though, as that doesnt really suit my new style of trading.
And this style is working immensly well since the max loss ive had open in the last 1month was 6ticks.

So i dont want to start getting greedy and rock the boat. lol

 

we have just hit .66 btw

so its gna be fun to see if we bounce from here to touch .86 atleast.


If i was gna trade it id have put stoloss at .61 as i said earlier, but i choose not to as its not my style of trading.